Riverbridge Partners LLC Sells 43,908 Shares of Analog Devices, Inc. $ADI

Riverbridge Partners LLC trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,387 shares of the semiconductor company’s stock after selling 43,908 shares during the period. Analog Devices comprises about 3.0% of Riverbridge Partners LLC’s portfolio, making the stock its 4th largest position. Riverbridge Partners LLC owned about 0.05% of Analog Devices worth $99,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ADI. Silver Grove Financial Group Inc. boosted its position in shares of Analog Devices by 3.8% during the third quarter. Silver Grove Financial Group Inc. now owns 2,794 shares of the semiconductor company’s stock worth $1,108,000 after buying an additional 102 shares during the period. Illinois Municipal Retirement Fund raised its position in Analog Devices by 117.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 7,168 shares of the semiconductor company’s stock valued at $2,844,000 after buying an additional 3,878 shares during the last quarter. Confluence Wealth Services Inc. raised its position in Analog Devices by 9.7% in the 3rd quarter. Confluence Wealth Services Inc. now owns 16,306 shares of the semiconductor company’s stock valued at $6,469,000 after buying an additional 1,442 shares during the last quarter. AMG National Trust Bank lifted its stake in Analog Devices by 46.9% in the 3rd quarter. AMG National Trust Bank now owns 2,098 shares of the semiconductor company’s stock valued at $832,000 after acquiring an additional 670 shares in the last quarter. Finally, Moneco Advisors LLC lifted its stake in Analog Devices by 12.2% in the 3rd quarter. Moneco Advisors LLC now owns 2,879 shares of the semiconductor company’s stock valued at $1,142,000 after acquiring an additional 312 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $425.46, for a total transaction of $4,254,600.00. Following the sale, the chief executive officer directly owned 125,670 shares of the company’s stock, valued at approximately $53,467,558.20. This represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the sale, the insider owned 14,849 shares of the company’s stock, valued at approximately $6,162,631.98. This represents a 7.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,436 shares of company stock worth $20,681,906 in the last quarter. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. KeyCorp upped their price target on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. BMO Capital Markets started coverage on shares of Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Robert W. Baird boosted their price objective on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Finally, Wall Street Zen cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Key Analog Devices News

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Analyst-focused coverage points to bullish sentiment on ADI, while a separate Zacks article identifies the company as a potential way to invest in continued AI and data-center demand. Analysts Are Bullish on These Technology Stocks AI Boom Isn’t Over
• Positive Sentiment: A roundup highlighting ADI’s long record of positive free cash flow and growing dividends reinforces its appeal to income-oriented investors. This Tech Company Has 29 Years of Positive Free Cash Flow and a Growing Dividend
• Neutral Sentiment: ETF flows were mixed: 47 ETFs added ADI shares in one session, while ETFs were net sellers on Nov. 6. The conflicting signals offer little clear direction on institutional demand. 47 ETFs Add to Analog Devices Holdings ETFs Are Net Sellers of Analog Devices
• Neutral Sentiment: ADI’s CFO is scheduled to speak at the UBS Global Technology and AI Conference on Dec. 1. The event could provide updated commentary, but no new business information was announced. Analog Devices to Participate in the UBS Global Technology and AI Conference
• Negative Sentiment: A director reportedly sold about $577,000 of ADI stock, a modest potential concern for sentiment. Separately, a report describing increased short interest lists the total as zero shares, so it does not indicate meaningful short-selling pressure. Insider Selling: Analog Devices Director Sells Stock

Analog Devices Stock Performance

ADI opened at $393.30 on Wednesday. Analog Devices, Inc. has a 52-week low of $224.25 and a 52-week high of $445.91. The firm has a market capitalization of $190.58 billion, a PE ratio of 46.65, a PEG ratio of 0.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The business’s 50-day simple moving average is $391.81 and its 200 day simple moving average is $374.36.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.

About Analog Devices

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.